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Thursday, November 25, 2010
BP Oil Spill Incident Commander Killed in Plane Crash
Jim Black, a BP incident commander for the company's Gulf of Mexico oil spill response team, died in a small plane crash near Destin, Fla., on Tuesday night, the company confirmed.
"Jim was a devoted member of our Gulf Coast spill response team and served many years with Amoco and BP. He will be missed by all who knew him and worked with him. Jim and his family are in our thoughts and prayers."
The Coast Guard said the small plane crashed Tuesday about 7:30 p.m. in Choctawhatchee Bay.
Black, whose job at the oil giant was director of operations for the Gulf Coast Restoration Organization, spent a lot of his time during the past several months in and around New Orleans. His work as incident commander for the oil spill response took him to the Joint Incident Command Center in Robert, to another operations center in Houma and often to New Orleans.
He lived in Katy, Texas, and was heading to Destin for the holidays with his sister, Charlene Miller, and the plane's pilot, Gregory Coleman of Cedar Park, Texas. Miller was Coleman's mother-in-law.
Wednesday, November 24, 2010
6 Natural Gas Stocks for 2011
NEW YORK (TheStreet) -- Dan Dicker, senior contributor for TheStreet, argues why he thinks 2011 will be the year for natural gas and reveals his top stock picks.
Tuesday, November 23, 2010
GE Arranges $150M Credit Facility for Oil and Gas Exploration
"GE Energy Financial Services, a unit of GE (NYSE:GE), served as the lead arranged for a $150 million senior secured credit facility to enable a Border to Border Exploration LLC subsidiary in oil and gas exploration throughout Texas.
The private oil and gas exploration company will develop acreage across Tyler, Polk and Jasper counties in east Texas.
Matt Telfer, Border to Border Exploration's CEO said, ""The financing that GE Energy Financial Services is providing will help us accelerate our drilling program, employing operational innovations acquired while drilling over the past three years, We have concentrated on the most oil-prone part of the trend and expect high-volume, naturally flowing wells with rapid payouts.""
The initial borrowing base is set at $55 million.
General Electric closed 1.68 percent lower at $15.76."
The private oil and gas exploration company will develop acreage across Tyler, Polk and Jasper counties in east Texas.
Matt Telfer, Border to Border Exploration's CEO said, ""The financing that GE Energy Financial Services is providing will help us accelerate our drilling program, employing operational innovations acquired while drilling over the past three years, We have concentrated on the most oil-prone part of the trend and expect high-volume, naturally flowing wells with rapid payouts.""
The initial borrowing base is set at $55 million.
General Electric closed 1.68 percent lower at $15.76."
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